WASHINGTON (9/17/14 UPDATED 2:27 p.m. ET)--The Federal Open Market Committee said in today's policy statement that quantitative easing, a tool the Fed has used to stimulate the economy since the economic downturn in 2008, likely will be entirely phased out next month.
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The producer price index stood pat in August, the Labor Department reported Tuesday, potentially signaling that, without upward inflation pressure, the Federal Reserve will delay movement on raising interest rates.